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Provider: MacroRisk Analytics/EconomicInvestor
Provider: MacroRisk Analytics/EconomicInvestor
Provider: ValuEngine, Inc.
Provider: S&P Capital IQ – STARS Reports

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Vale SA Obtains Environmental License for Expansion of EFC

Monday, 19 Nov 2012 06:43am EST 

Vale SA announced that it has received the installation license (LI), issued by the Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renovaveis (IBAMA), for the expansion of the Carajas railroad (EFC), which connects Vale's mining operations in the state of Para to the Ponta da Madeira maritime terminal in the state of Maranhao, Brazil. The LI, along with the simultaneously issued Authorization of Removal of Vegetation (ASV), permits the beginning of capacity expansion of the EFC to 230 million metric tons per year (Mtpy), a component of the CLN S11D project, which in turn will provide the extension of the logistics infrastructure required to support the 90 Mtpy Carajas Serra Sul S11D iron ore project. The LI enables railworks of 786 km and includes, among others, the duplication of 559.7 kilometers of railway. The conclusion of the project is expected for 2017. 

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